The 10 signs you’re ready to start investing in property: Lamudi

The 10 signs you’re ready to start investing in property: Lamudi
The 10 signs you’re ready to start investing in property: Lamudi

Global property portal Lamudi have shared their 10 tell-tale signs that you are ready to start building a property portfolio.

Here are their 10 indicators to look out for:

  1. You are financially ready

    You have saved enough for the down payment and you have also established your emergency fund. You have taken into account home maintenance expenses. Your credit history is good and you are able to meet all the financial obligations.

  2. You have set your long-term goals

    You have a clear picture in your mind of the purpose of your investment and you are flexible enough to adjust to changing circumstances. You are not hesitant and when the timing is right, you are able to adapt to the market needs and the development of technologies.

  3. You have done your research

    You know the neighborhood of your future property well enough to foresee the coming trends and the possible changes in the community. You have researched all the schools in the area as well as the best commuting means and you are able to predict the next home buyers needs.

  4. You have chosen a stable economy

    The area is financially stable, economic trends are promising and equities are surging. No demographic fluctuation or no irregular variation of population have been recorded in the area.

  5. You understand the country’s policies regarding real estate

    The policies of the region promote and encourage a positive, innovative environment as well as drive further economic growth. The tax policy in the country is positive for homeowners. Global innovation index is rising in the area.

  6. Infrastructure projects are underway and likely to lead to an increase in property values

    The infrastructure of the area is being developed with a focus on: transport, energy, solid waste and water management developments.

  7. The region is moving toward sustainable development

    The region’s awareness of global and local environmental issues is increasing, the demand for eco-friendly homes as well as for sustainable rural and urban development is rising. As more and more people head toward sustainable living, investing in sustainable property will increase its value in the future.

  8. The location draws a lot of interest

    Whether it is the best travel destination or the hot jobs spot, the location is always on the top of the search engine. It has become a successful startup hub already or is planning to do so in the coming years, driving a lot of job seekers into the area. The number of enrolled students is increasing every year, the area draws interest of international students.

  9. You have found a reliable real estate agent

    If you are an overseas buyer, it is particularly crucial to make sure you have a good representative on the ground. Your real estate agent is trustworthy and knows the local market well enough to be able to help you make the choice.

  10. You have researched local differences in the property market

    Whether you plan to invest in a residential property and turn it into a rental or an office space, you are fully aware of all cultural differences that might occur when you deal with a property seller.

You may want to balance them out with these 10 signs that you may not be ready to buy a property yet.

Jennifer Duke

Jennifer Duke

Jennifer Duke was a property writer at Property Observer

Tags: 
First Home Buyers Strategy

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